Page 4 - Volkswagen

Volkswagen targets 2-3 times faster growth than Indian PV industry in 2024

The firm's India brand director, Ashish Gupta said Virtus itself is growing in its segment (sub-compact sedan) and its rising sales will also assist the company in reaching the 15% growth target

Volkswagen to begin electrification journey later this year with ID.4

German automaker Volkswagen will kick off its electrification journey in India with the launch of its electric car ID.4 later this year as part of its global efforts of mass electrification, a senior company official said on Thursday. The company, which unveiled the ID.4, expects the Indian passenger vehicles market to grow 5-7 per cent this year while it is targeting 10-15 per cent growth for itself. "Our first step to the electrification journey in India begins with the ID.4...," Executive Director Sales International Operations, Volkswagen Passenger Cars Michael Mayer said here at the Volkswagen annual brand conference. He said the ID.4 is being brought in as part of the company's global efforts of mass electrification. It will be launched in the Indian market later this year. Globally, VW is leading in the electrification journey, he said, adding, as part of the company's commitment to the Paris Climate Agreement 2030, it is continuing efforts in various spheres, including the

Volkswagen sees slowdown in vehicle sales growth amid growing competition

The company said on Wednesday it expected a boost to vehicle orders in Western Europe in the coming months from new models including fully electric cars

Volkswagen Group's Skoda eyes larger share in India with new small SUV

Volkswagen and Skoda, which form the bulk of sales for the Volkswagen Group, have a 2.2% market share in India

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture

Talks with JSW came within days of the German carmaker announcing it would supply components for EVs and battery cells to Mahindra & Mahindra

JSW Group, Volkswagen in talks for electric vehicle joint venture in India

This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake

Mahindra & Mahindra to use Volkswagen electric components, battery cells

The Indian company will be the first external partner to use the unified cell, a new cell technology that Volkswagen plans to use for 80% of its battery cells and promises will reduce costs by half

Skoda Auto Volkswagen India appoints Jan Bures as head sales, marketing

Skoda Auto Volkswagen India Pvt Ltd on Tuesday said it has appointed Jan Bures as the new board member and Executive Director of Sales, Marketing and Digital. Effective February 1, Bures will succeed Christian Cahn von Seelen, whose tenure in in India will conclude, the company said in a statement. In his new role, Bures will oversee the operations of the group brands Skoda, Volkswagen, Audi, Porsche, and Lamborghini in the Indian market, it said. It involves leading the sales, marketing, and aftersales business for Skoda Auto Volkswagen India's brands, as per the statement. He has a career spanning over 30 years within the Volkswagen Group and has several key positions in America, Germany, the Middle East, and China.

Volkswagen India extends service support to flood-hit customers in TN

European automaker Volkswagen India has extended its enhanced service support to affected customers in Tamil Nadu following the impact of heavy rains and flooding in the state, the company said on Saturday. The initiative, with effect from December 22, would offer service support to flood affected car owners including Roadside Assistance, special benefits on parts, labour costs and car care treatment among others. "Extended service support across regions such as Chennai, Tirunelveli, Tuticorin cities. In addition, the warranty and extended warranty coverage for flood-affected vehicles at these locations are extended until January 31, 2024," a company statement here said. The benefit can be availed by customers opting for insurance or cash claims. In collaboration with insurance companies, Volkswagen India said it was also ensuring swift settlement of claims, facilitating a streamlined process for affected customers. Affected customers can directly contact Volkswagen Roadside ...

Volkswagen India, Skoda set to hike prices by up to 2% from January

Volkswagen Passenger Cars India on Tuesday said it plans to hike prices by up to 2 per cent across model range to offset adverse impact of rising input and material costs from January 1, 2024. Already other manufacturers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, Audi and BMW, have announced plans to increase prices of their vehicles in January. Effective January 1, 2024, the company plans to hike prices by up to 2 per cent across its model range owing to rising input and material costs, a spokesperson of Volkswagen Passenger Cars India said in a statement. "While the brand continues to absorb most of the input cost increase, however, some impact will have to be passed on to the end consumers," it added. Volkswagen Passenger Cars India sells vehicles ranging from mid-sized sedan Virtus to premium SUV Tiguan priced between Rs 11.48 lakh and Rs 35.17 lakh.

Volkswagen shareholders demand more scrutiny after China plant audit

Volkswagen said on Tuesday that the much-anticipated audit of its China car plant had found no evidence of forced labour

Volkswagen India offers priority check for Michaung flood-damaged vehicles

German automaker Volkswagen India is offering priority comprehensive checks to flood-affected customers in Chennai following the havoc caused by cyclone Michaung over the past two days. The company said necessary guidelines have been issued across dealerships ensuring adequate manpower and availability of spare parts to take up repairs. Volkswagen India said it would also ensure timely repair of flood-related damage found in the priority comprehensive service check of their vehicles, a company release here said on Wednesday. With a 'Customer-First' philosophy, Volkswagen India has prioritised support to those customers who are stranded with complimentary Roadside Assistance, the company added. "Necessary standardised repair guidelines have been issued across dealerships and the company will ensure adequate manpower and availability of spare parts across dealerships to ensure quick service experience," the release said.

Volkswagen-sanctioned audit finds no signs of forced labour at China plant

An audit commissioned by Volkswagen has found no indication of forced labour at its plant in China's Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority. The German automaker has come under fire for operating in Xinjiang, a remote western region that borders Central Asia. The US government has blocked imports from Xinjiang unless it can be proven that the products were not made with forced labour. The auditor, Loening Human Rights and Responsible Business, conducted 40 interviews and was able to inspect the factory freely, said Markus Loening, a former German human rights commissioner who founded the consultancy. We could not find any indications or evidence of forced labour among the employees, he said in remarks provided by Volkswagen from a media briefing in Germany on Tuesday. China launched a harsh crackdown in Xinjiang around 2017 in response to a series of bombings, knifings and other .

Volkswagen Taigun, Virtus Sound Edition launched today, all details here

Making a big announcement, Volkswagen India has launched special edition variants of the Virtus sedan and Taigun SUV. The 'Sound Edition' is expected to include cosmetic improvements and new elements

Volkswagen to cut administrative personnel costs by 20% in savings drive

The specific details of the drive at Volkswagen's passenger car brand, announced in June and currently being defined in talks between management and the workers council, are due to be set by December

Skoda Auto Volkswagen India to commence exports to Vietnam from 2024

koda Auto Volkswagen India Pvt Ltd on Tuesday said it will start exports to Vietnam from 2024 as part of its strategy to accelerate export operations in the ASEAN region. The company, which has inaugurated its parts expedition centre (PEC) at the Volkswagen group's headquarters in Chakan, Pune, said 'made-in-India' kits will be shipped from India to Vietnam for final production. The centre is spread over 16,800 square feet and it has an initial capacity of 27,000 car sets annually for Vietnam and has the infrastructure to scale up to 40,000 car sets annually, koda Auto Volkswagen India Pvt Ltd (SAVWIPL) said in a statement. "With the opening of the parts expedition centre, we are building a bridge between India and Vietnam and setting the stage to unleash significant synergies between these two key markets," koda Auto Board Member for Production and Logistics Andreas Dick said. While Vietnam will be the first phase, the PEC is geared to serve several emerging markets in the ASEAN .

VW to offer new features, benefits with Taigun, Virtus this festival season

Volkswagen (VW) will introduce twin electrically adjustable front seats (driver and co-driver) for its midsize SUV Taigun and sedan, Virtus

Production at German VW plants resumes after disruption caused by IT issue

Production at Volkswagen is resuming after a problem with the German automaker's information technology network caused a severe disruption, the company said Thursday. Volkswagen said on Wednesday evening that the IT disruption caused production to halt at its four vehicle manufacturing plants in Germany its Wolfsburg headquarters, Emden, Zwickau and Osnabrueck. It also affected some other facilities, including at subsidiary Audi, it said. The company said Thursday morning that the IT infrastructure problems were resolved during the night and production was resuming, German news agency dpa reported. It said there were no indications of any external cause for the disruption.

Skoda Auto Volkswagen India net profit up 49% in FY23 at Rs 309.5 cr

KODA AUTO Volkswagen India posted a 48.6 per cent rise in its standalone net profit at Rs 309.5 crore in the fiscal ended March 31, 2023 riding on strong revenue growth, according to financial data accessed by business intelligence platform Tofler. The company had posted a net profit of Rs 208.34 crore in the fiscal ended March 31, 2022. Revenue from operations was at Rs 17,041.72 crore in FY23, highest in the last five financial years, according to the data. In its regulatory filing, the company said the rise in revenue was due to increase in sales volumes in the domestic market. This was mainly due to the launch of new models under the India 2.0 project. In FY22, the company's revenue from operations was at Rs 12,410.48 crore; Rs 6,796.52 crore in FY21; Rs 9,300.06 crore in FY20 and Rs 7,062.71 crore in FY19. In terms of net profit, in the last five fiscals the company posted its highest in FY21 at Rs 756.97 crore. It was at Rs 261.39 crore in FY20 and Rs 198.06 crore in FY19.

Volvo to end diesel car production by 2024, to become all-electric carmaker

Sales of diesel models have declined rapidly in Europe since Volkswagen's emission-cheating scandal.